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Dec 3, 2012
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the focus of this effort to reduce deficits now is on getting them, in the federal budget deficit to the range of 3% or so. that is what i mean when i say policymakers are not trying to get rid of the budget deficits. given the economic weakness, a little bit of deficit spending is probably not a terrible thing, at least in the eyes of some budget economists. i think there would be comfort in washington around 3% of gdp. getting there is a big challenge. there are problems with medicare and social security. they are facing big deficit situations. host: what motivates the creation of deductions? what about the other incentives? mortgage deduction it to encourage people to buy a home. guest: some of the deductions have been around forever, since the invention of the income tax. there has always been a deduction for interest that you paid. the government didn't think it could distinguish between mortgage interest and other kinds of interest. less interest is deductible now. some of the things are left over from the early days of the tax code. there is no magic about allowing people to d
the focus of this effort to reduce deficits now is on getting them, in the federal budget deficit to the range of 3% or so. that is what i mean when i say policymakers are not trying to get rid of the budget deficits. given the economic weakness, a little bit of deficit spending is probably not a terrible thing, at least in the eyes of some budget economists. i think there would be comfort in washington around 3% of gdp. getting there is a big challenge. there are problems with medicare and...
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Dec 26, 2012
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being used to help to people in united states of america who are in need of help, or help reduce the deficit that was testified to be the greatest national security threat to the united states of america. it is a matter of priorities. i appreciate the very noble -- i emphasize the word noble -- effort to help people who are in harm's also way in various parts of the world. my colleague from florida mentioned somalia. certainly in vietnam we tried to do the noble things. we're in a different financial reality. in the absence of a national security interest in the congo, i am afraid that sequestration will force us to retract even though we may wish to the contrary. i yield back the remainder of my time. >> a couple of questions. sequestration is not only obama's, but also our responsibility. i believe we voted for it. >> i did not vote for it. >> we talked about this whole issue. it has been suggested that perhaps -- >> $80 million. is that more or less correct? [indiscernible] >> we will hear that in a few moments. if that is correct, i would point out that this really is a national security
being used to help to people in united states of america who are in need of help, or help reduce the deficit that was testified to be the greatest national security threat to the united states of america. it is a matter of priorities. i appreciate the very noble -- i emphasize the word noble -- effort to help people who are in harm's also way in various parts of the world. my colleague from florida mentioned somalia. certainly in vietnam we tried to do the noble things. we're in a different...
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Nov 11, 2012
11/12
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i will not ask students or seniors or the middle class to pay down the entire deficit. this was a central question in the election and on tuesday we found out that the majority of americans agree with my aproach, democrats, independents and some republicans. now we need congress to listen. and they should start by making sure taxes don't go up on the 98% of americans making under $250,000 a year starting january 1. we all agree on this, the taxes on middle class families should not go up. they should extend the tax cuts right now. it's a step that would give millions of families and 97% of small businesses the peace of mind that there's no reason to wait. we know there will be differences and disagreements in the months to come. that's part of what makes our political system work. but on tuesday, you said loud and clear that you won't and clear that you won't tolerate dysfunction, or
i will not ask students or seniors or the middle class to pay down the entire deficit. this was a central question in the election and on tuesday we found out that the majority of americans agree with my aproach, democrats, independents and some republicans. now we need congress to listen. and they should start by making sure taxes don't go up on the 98% of americans making under $250,000 a year starting january 1. we all agree on this, the taxes on middle class families should not go up. they...
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Nov 12, 2012
11/12
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work is impending on the fiscal cliff, the federal deficit, racing the debt ceiling and by how much and also sequestration. follow all the floor debates starting at 2:00 p.m. eastern on c-span and c-span2. >> now a discussion on the situation in afghanistan and the potential impact of president obama's reelection on the middle east. this is 30 minutes. daniel markey from the council on foreign relations. i want to begin with a general question of what the country looks like, who was running the country, and what our presence is felt like by the afghan people? guest: president hamid karzai has been there coming up on 10 years as president. in 2014, he is expected to step down with the next set of elections. you have a country that is still very much in turmoil despite the fact we have been at war there for quite some time. it's a place where you have seen accomplishments, say, on education, improvements in certain varieties of services delivered by the government, development, roads, things like that, but nothing near where you would need to see the kind of progress that people had hoped
work is impending on the fiscal cliff, the federal deficit, racing the debt ceiling and by how much and also sequestration. follow all the floor debates starting at 2:00 p.m. eastern on c-span and c-span2. >> now a discussion on the situation in afghanistan and the potential impact of president obama's reelection on the middle east. this is 30 minutes. daniel markey from the council on foreign relations. i want to begin with a general question of what the country looks like, who was...
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Nov 11, 2012
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i am not going to ask students and seniors and middle-class families to pay down the entire deficit while people like me making over $250,000 are not asked to pay a dime more in taxes. >> the newly elected congress starts work in january, but the current congress still has work to do through the end of the year in what is typically referred to as a lame duck session. work is pending on the fiscal cliff, including the expiration of the bush tax cuts, raising the debt ceiling and by how much, and planned cuts to domestic and military spending, also known as sequestration. all the floor debate starting tuesday, 2:00 p.m. eastern, with live house coverage on c-span and the senate on c-span to. >> president obama and other dignitaries gathered at arlington national cemetery for this year's ceremony honoring the nation's veterans. the president laid a wreath at the tomb of the unknown before proceeding to the nearby amphitheater, where he gave his annual veterans day address. joining him as veterans affairs secretary eric shinseki. this is just over 45 minutes. ["star spangled banner" playing]
i am not going to ask students and seniors and middle-class families to pay down the entire deficit while people like me making over $250,000 are not asked to pay a dime more in taxes. >> the newly elected congress starts work in january, but the current congress still has work to do through the end of the year in what is typically referred to as a lame duck session. work is pending on the fiscal cliff, including the expiration of the bush tax cuts, raising the debt ceiling and by how...
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Nov 26, 2012
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congress handed us $487 billion to reduce the deficit -- the defense budgets over 10 years. my approach was to say, wait a minute. we are not just going to cut across the board. we are not just going to hollow out the force as we have done in the past. every time we have come out of the war, whether it was korea, vietnam, the cold war, we cut the budget across the board, and we hollowed out the force. we are not going to repeat that mistake, so for that reason, i said to my service chiefs, chairman of the joint chiefs, we have got to sit down and develop a strategy for the future that will provide the defense force for the 21st century, not just now but in the future, and then we will build our budget around that strategy, so one, we know we are going to be smaller. that is the reality of having at of these wars, but we have to be agile. we have to be flexible, and we have to be on the cutting edge of technology. we are going to have to have force projection in the areas with the biggest problems in the pacific and the middle east. we have to have a presence elsewhere in the
congress handed us $487 billion to reduce the deficit -- the defense budgets over 10 years. my approach was to say, wait a minute. we are not just going to cut across the board. we are not just going to hollow out the force as we have done in the past. every time we have come out of the war, whether it was korea, vietnam, the cold war, we cut the budget across the board, and we hollowed out the force. we are not going to repeat that mistake, so for that reason, i said to my service chiefs,...
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Nov 26, 2012
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especially in gop support for a deficit deal. as negotiations continue over the fiscal cliff, we go back to august 2011. reviewing some of the debate and news conferences, the budget control act created those cuts set to take effect in january. that begins tonight at 8:00 eastern here on c-span. >> you listen to maitre bloomberg who said that the damage was unprecedented. that it may be the worst storm the city has ever faced. governor christie said the damage in new jersey was unthinkable. we had a fires. we had hurricane-force winds. we had massive of flooding. we had feet of snow. you look at that, the flooding of the subway systems, the shutdown of the stock exchange, you start to get a sense of the massive scale and scope of this storm. and yet, the networks performed. carry dozens of stories about how many consumers only wink to information was through their smartphones. linking social media and their smartphone. while there was obviously an impact, i think the networks performed really well. >> some networks did well, some
especially in gop support for a deficit deal. as negotiations continue over the fiscal cliff, we go back to august 2011. reviewing some of the debate and news conferences, the budget control act created those cuts set to take effect in january. that begins tonight at 8:00 eastern here on c-span. >> you listen to maitre bloomberg who said that the damage was unprecedented. that it may be the worst storm the city has ever faced. governor christie said the damage in new jersey was...
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Dec 21, 2012
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while it has contributed to higher deficits but the deficit issue is even a more structural problem in the federal budget. host: 3 problems from the facebook page -- guest: regarding the last point i am not sure the judgment either understands the whole side of the budget -- how large it is. the deficit -- what this policy approach might mean for the budget. the second issue about the president rejected offers. the last offer on the table is the president's offer. the president started at increase in the tax rates on income over $250,000 and mr. boehner bay -- mr. boehner offered a million dollars and the president moved his direction, the direction of mr. boehner to raising tax rates of income for hundred thousand dollars or more and threw in something as i said earlier that democrats really do not like, the change in the cpi for social security and cuts as well. that is the last offer on the table. that has been the object -- rejected to date by republicans. we can argue about whether the president has rejected offers but clearly the last offer at the table is the president's offer a
while it has contributed to higher deficits but the deficit issue is even a more structural problem in the federal budget. host: 3 problems from the facebook page -- guest: regarding the last point i am not sure the judgment either understands the whole side of the budget -- how large it is. the deficit -- what this policy approach might mean for the budget. the second issue about the president rejected offers. the last offer on the table is the president's offer. the president started at...
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Dec 13, 2012
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you are not going to reduce the deficit by cutting -- only cutting your way to it because you will cut the prospects for job creation which produce revenue. so i know that you've all seen the president's specificity. so the question is if they want more cuts, then that's a different question than they want specifics from the president. the president has been very specific. the president said, i'm open to having a discussion about this. let's just -- you know, let's just all take a deep breath. the back and forth is only useful if it enhances understanding. the back and forth is only useful if it eliminates possibilities. as i have said, don't even think about raising the medicare age. we are not throwing america's seniors over the cliff to give a tax cut to the wealthiest people in america. we have clarity on that. but again, all these other things, go to the table and negotiate. >> madam leader. >> yes, sir. >> $600 billion is the president on entitlement cuts and something -- $600 billion i think is the number they put out. is there any movement in that? >> 44u7bd is what i heard --
you are not going to reduce the deficit by cutting -- only cutting your way to it because you will cut the prospects for job creation which produce revenue. so i know that you've all seen the president's specificity. so the question is if they want more cuts, then that's a different question than they want specifics from the president. the president has been very specific. the president said, i'm open to having a discussion about this. let's just -- you know, let's just all take a deep breath....
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Dec 13, 2012
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we're not running 100% of those deficits today or 200% of those deficits today, or 300% of those deficits today. mr. speaker, the deficits today are almost four times larger than what was formerly the largest budget deficit in american history. we got to get a hand ol that -- on that. there are revenue components, there are spending components but it seems like this town is obsessed with the tax side of that ledger. i want to talk about that. i didn't come to congress to be a congressman, i came to congress to make america better. i came to congress to solve the problems that plague my family and my neighbor's family and the families surrounding us in the community. i came to congress to make a difference. so whatever it is we need to do here, mr. speaker, to make a difference, and i don't mean just to change things, change for change' sake has no constituency with me, i mean to make a difference so our children's lives and our grandchildren's lives are better than they would be otherwise. i'll go again to john f. kennedy and how he was trying to make a difference. he said this, lower rat
we're not running 100% of those deficits today or 200% of those deficits today, or 300% of those deficits today. mr. speaker, the deficits today are almost four times larger than what was formerly the largest budget deficit in american history. we got to get a hand ol that -- on that. there are revenue components, there are spending components but it seems like this town is obsessed with the tax side of that ledger. i want to talk about that. i didn't come to congress to be a congressman, i...
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Dec 24, 2012
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we are going to expand our dominance and are well by expanding our deficit and using our deficits to provide the rest of the world with the demand which is necessary to grow their economies, even at the expense of hours. and who is going to pay for the deficit? if i have an ever-expanding deficit, the bank tells me it is came over. but if you are the united states of america and there are certain other factors that i will touch upon later, what you can do is you can expand your deficit as long as you create the circumstances so that german entrepreneurs, later chinese, take their profit, which they earned and they send it to wall street. thus closing the cycle, the recycling loop. so, effectively what we have between 1940's and 1971, 1973, you had global surpluses being recycled from united states to the rest of the world. the capitalist world. the western world. ok? so, the united states was an exporter to europe and japan. it was making profits. it was then recycling to europe and japan. so they would keep on buying. once the surplus shifted to japan, germany, and china, the idea t
we are going to expand our dominance and are well by expanding our deficit and using our deficits to provide the rest of the world with the demand which is necessary to grow their economies, even at the expense of hours. and who is going to pay for the deficit? if i have an ever-expanding deficit, the bank tells me it is came over. but if you are the united states of america and there are certain other factors that i will touch upon later, what you can do is you can expand your deficit as long...
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Dec 18, 2012
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which is reach a bipartisan compromise on significant deficit reduction. on the order of $4 trillion, when you take all the pieces of it and put them together. we are very close to being able to achieve that and the president has demonstrated an obvious willingness to compromise and to move more than halfway towards the republicans. to leave that offer on the table, including the $1.22 trillion in spending cuts that the president has put forward because you don't want to ask -- someone making $950,000 a year to pay more in taxes would be a shame and it would be bad policy. so the president believes that the opportunity is there, the parameters of a deal are clear, the path to a compromise is clear and he hopes that the republicans will meet him on that path and do something that would be very good for the american people, for the middle class and for our economy. >> there's another alternative here and we're hearing some members of the president's party say it today. that for the entire campaign he talked about raising taxes on the top 2%. he said that was
which is reach a bipartisan compromise on significant deficit reduction. on the order of $4 trillion, when you take all the pieces of it and put them together. we are very close to being able to achieve that and the president has demonstrated an obvious willingness to compromise and to move more than halfway towards the republicans. to leave that offer on the table, including the $1.22 trillion in spending cuts that the president has put forward because you don't want to ask -- someone making...
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Nov 29, 2012
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it doesn't add to the deficit. in fact, it needs to be -- if any change needs to be made to it, it needs to be on the own freestanding. social security is one of the greatest programs this country has ever produced. it helps literally millions and millions of senior citizens and people on disability and people who receive survivor benefits and it's a great program and we should continue to support that program. we don't need to mess with it. when we do want to reform it, it needs to be something that will preserve benefits for people. and allows the program to continue. it's a solid program and it doesn't need to be in these budget entanglements. i hope americans really get the fact -- some people say, well, ok, you're right social security doesn't add to the deficit. let's talk about it anyway. let's talk about it for a minute anyway even though it shouldn't be considered. here's what could be said, mr. speaker, by someone who wants to defend the excellent program known as social security. they might say shouldn't
it doesn't add to the deficit. in fact, it needs to be -- if any change needs to be made to it, it needs to be on the own freestanding. social security is one of the greatest programs this country has ever produced. it helps literally millions and millions of senior citizens and people on disability and people who receive survivor benefits and it's a great program and we should continue to support that program. we don't need to mess with it. when we do want to reform it, it needs to be...
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Nov 11, 2012
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i am not going to ask students and seniors and middle-class families to pay down the deficit while people like me making over $250,000 are not asked to pay one dime more in taxes. " the current congress has work to do in what is referred to as a lame duck session. work is pending on the fiscal clef. planned cuts to domestic and military spending, also known as sequestration. follow the debates starting to o'clock eastern with live coverage on c-span and the senate on c-span 2. >> my favorite program is "book tv." i also like the coverage of the book fares on "book tv." they will occasionally cover lectures from historians, universities, but fares. i find it very informative. allied the diversity of the coverage. i learned about topics that i may be would not encounter on my browsing the internet of the sites ago to. to.c-- the sites i go we sat there and watched it and learned a lot a about the characteristics of the new south. i also get introduced to books that maybe my friends and colleagues are not talking about but something i learned about. >>deidra fair james watches c- span on com
i am not going to ask students and seniors and middle-class families to pay down the deficit while people like me making over $250,000 are not asked to pay one dime more in taxes. " the current congress has work to do in what is referred to as a lame duck session. work is pending on the fiscal clef. planned cuts to domestic and military spending, also known as sequestration. follow the debates starting to o'clock eastern with live coverage on c-span and the senate on c-span 2. >> my...
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Dec 26, 2012
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it should not be done as part of a deficit reduction. it should be done to secure the solvency of social security. healthcare little different circumstance because that is the 800 pound gorilla. if you look at growth as a share of g.d.p., the healthcare accounts interest on the debt, that's where it's at. it's not in the discretionary accounts or social security. the place we are having very significant growth of a share of g.d.p. is in the healthcare accounts. and as i indicated as a nation we are spending so much more than anybody else and the other countries that are advanced are actually with less expenditures a share of their national income are getting better healthcare out comes. so there say chance for savings -- so there is a chance ofor savings without hurting beneficiaries and with actually improving the competitive position of our economy. >> richard man will give the mike to the individuals and identify youself and what your question is. >> i'm a reporter with lrp publications. in the chart that talked about the $1 trillion
it should not be done as part of a deficit reduction. it should be done to secure the solvency of social security. healthcare little different circumstance because that is the 800 pound gorilla. if you look at growth as a share of g.d.p., the healthcare accounts interest on the debt, that's where it's at. it's not in the discretionary accounts or social security. the place we are having very significant growth of a share of g.d.p. is in the healthcare accounts. and as i indicated as a nation we...
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Oct 15, 2012
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it just reduces the deficit. by borrowing less, we have more money available for the private sector. that is a good thing, if they need it, if there was a shortage of liquidity. of liquidity.
it just reduces the deficit. by borrowing less, we have more money available for the private sector. that is a good thing, if they need it, if there was a shortage of liquidity. of liquidity.
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Oct 26, 2012
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we got to be structural deficit we -- to the structural deficit we have today from very specific votes. congresswoman will send voted -- wilson voted to stop the pay- as-you-go rules. she got us into a war in iraq without paying for it, a war in afghanistan without pain for comment tax cuts to the wealthy without paying for it, -- afghanistan without paying for it, tax cuts to the wealthy without paying for it, medicare part d without paying for it. we need to start paying for all of that before we use social security as the whipping boy for her bad behavior. >> it strikes me that congressman, i do not think you understand that social security is completely separate in the budget from all of the programs you just discussed. social security is a completely separate account. the problem with social security right now is that for the last two years we have been paying out more in benefits than we are taking in in payroll taxes. it is a separate line on your paycheck. it is completely separate. and it is in trouble. we are taking out more in benefits than we are taking in in taxes. under y
we got to be structural deficit we -- to the structural deficit we have today from very specific votes. congresswoman will send voted -- wilson voted to stop the pay- as-you-go rules. she got us into a war in iraq without paying for it, a war in afghanistan without pain for comment tax cuts to the wealthy without paying for it, -- afghanistan without paying for it, tax cuts to the wealthy without paying for it, medicare part d without paying for it. we need to start paying for all of that...
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Dec 18, 2012
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deficit reduction, jobs and sound infrastructure. i hope those on the other side of the aisle will be receptive to the proposal for the white house for this needed investment. this is not the stupid stimulus bill. many things were not well spent. 4% of that money, 4% went to infrastructure investment. over 40% went to stupid tax cuts that didn't put anybody back to work. the speaker pro tempore: the gentleman yields. the chair recognizes the gentlewoman from california, ms. lee, for five minutes. ms. lee: i ask unanimous consent to address the house for five minutes. the speaker pro tempore: without objection. ms. lee: i grieve with the entire newtown communities and those who lost loved ones last friday. we mourn the 26, 26 innocent lives, including those 20 children who have been lost in this unimaginable tragedy. let me also just acknowledge the quick action of the brave law enforcement and first responders who prevented additional loss of life. words cannot express my deep sorrow. but as a mother and as a grandmother, i join the
deficit reduction, jobs and sound infrastructure. i hope those on the other side of the aisle will be receptive to the proposal for the white house for this needed investment. this is not the stupid stimulus bill. many things were not well spent. 4% of that money, 4% went to infrastructure investment. over 40% went to stupid tax cuts that didn't put anybody back to work. the speaker pro tempore: the gentleman yields. the chair recognizes the gentlewoman from california, ms. lee, for five...
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Oct 31, 2012
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the deficit is now $1 trillion this year. he has added 50% to our debt to the point that it has gone to $16 trillion. it does not -- does that is working to you? and when he pushed to the health care bill through, he said, if you pass this legislation, we will reduce health-care costs. the reduction will be about $2,500. it actually has increased costs by about $2,500. does this sound like it is working? we are in the right place. and then the stimulus package, when he said i want a trillion dollars of your money, he took our money plus the bar a bunch from china. he said let's put a trillion dollars and see what happens. he says today unemployment would be 15% lower than it is. that is 9 million jobs short. does this sound like it's working? it is not. what is even more discouraging is looking at what he wants to do over the next four years. it is more of the same. there are some exceptions. he has protected and our jobs and ensure we have the military second to none to keep the peace. i get to work with him. thank you for t
the deficit is now $1 trillion this year. he has added 50% to our debt to the point that it has gone to $16 trillion. it does not -- does that is working to you? and when he pushed to the health care bill through, he said, if you pass this legislation, we will reduce health-care costs. the reduction will be about $2,500. it actually has increased costs by about $2,500. does this sound like it is working? we are in the right place. and then the stimulus package, when he said i want a trillion...
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Nov 12, 2012
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getting a handle on the debt, getting a handle on the deficit, which is critical in order to get the economy growing again and people back to work. that is certainly the number one domestic challenge, but it is also the number one national security challenge. why? a healthy economy and healthy balance sheets undergirds everything that we do internationally. it allows us to be an attractive trading partner. secondly, it also undergirds the power of the american ideal. that is that the free market makes for a stable situation in the long term but also makes for a prosperous society that can deliver on its people. that is what america has stood for. by failing to resolve our own problems and getting the economy growing again, we have undermined of the strength of the american idea, internationally. that is why countries are flirting with this notion of china may be having a right. state capitalism, keep your people in line. that is destructive for our influence and, in my view, not the right path for the country today. i think you have a great program this year, like last year. i just t
getting a handle on the debt, getting a handle on the deficit, which is critical in order to get the economy growing again and people back to work. that is certainly the number one domestic challenge, but it is also the number one national security challenge. why? a healthy economy and healthy balance sheets undergirds everything that we do internationally. it allows us to be an attractive trading partner. secondly, it also undergirds the power of the american ideal. that is that the free...
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Oct 29, 2012
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he said he was going to cut the deficit in half. that has not happened. the good news that we have somebody who is running for president that has the know-how. he has the experience. he has got the experience, the record, and he knows how to work with democrats, republicans cannot independents alike to address the challenges we face as a country, and that is why we need mitt romney in washington to fix what is broken and bring back the american dream. i see a uaw member here economy. autos. talk what go said barack obama that said were a few wars. one was about the auto industry. he said, you want to take those companies to bankruptcy. i supported a rescue package for the autos, but what obama said was not true. it was barack obama who took gm and chrysler through bankruptcy, ok? >> right? second, it was mitt romney who absolutely did provide for loan guarantees to ensure the warranties were backed up. that is what every fact checker who has looked at what obama said said he was wrong, he was not telling the truth. now, this is what is most important to t
he said he was going to cut the deficit in half. that has not happened. the good news that we have somebody who is running for president that has the know-how. he has the experience. he has got the experience, the record, and he knows how to work with democrats, republicans cannot independents alike to address the challenges we face as a country, and that is why we need mitt romney in washington to fix what is broken and bring back the american dream. i see a uaw member here economy. autos....
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Oct 23, 2012
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next point, our trade deficit. our trade deficit is a drag on growth. and it's not just exports, it's net exports. you have to think about exports minus imports. and we're getting -- and the only way we can unwind that in real-time is by a stronger manufacturing sector. people who say we can do it through services are patently wrong in the near term. perhaps down the road. right now service exports are 25% of the trade deficit. >> great. go. >> let me amplify one thing. we once developed a manufacturing strategy together. we knew it was because, not only was manufacturing important in itself, but it provides -- thinking about manufacturing is a catalyst for what you want to see as good economic policy in every other aspect of american life, education, worker training. using this as the force that drives that is what's important. here's the one point and this is what i would close on. we didn't have to wait for congress to tell us to develop a manufacturing strategy. we knew what we were facing, and we knew that it required to put forward ideas to get th
next point, our trade deficit. our trade deficit is a drag on growth. and it's not just exports, it's net exports. you have to think about exports minus imports. and we're getting -- and the only way we can unwind that in real-time is by a stronger manufacturing sector. people who say we can do it through services are patently wrong in the near term. perhaps down the road. right now service exports are 25% of the trade deficit. >> great. go. >> let me amplify one thing. we once...
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Nov 14, 2012
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it's not a pinched view of deficits and debt. it's a broad view of how we need to move forward with the economy. >> does that mean that he's willing to say no to richard who has told his folks to lobby congress not to allow changes in medicare and social security? >> the president's plan, which i know you all have read in detail, contains within it additional savings in health care programs. $340 over 10 years. -- $340 billion over 10 years. as a whole the plan demonstrates that we can take a balanced approach that if we asked the wealthiest americans to pay a little bit more, we can continue to invest in areas of the economy that need investment, and we don't have to ask seniors or parents of disabled children or the least fortunate among us to bear the burden of getting our fiscal house in order. that was in many ways the essence of the debate we had this past year. >> also on these personal announcements you don't want to talk about, is the president also happy with the job that the also happy with the job that the secretary's
it's not a pinched view of deficits and debt. it's a broad view of how we need to move forward with the economy. >> does that mean that he's willing to say no to richard who has told his folks to lobby congress not to allow changes in medicare and social security? >> the president's plan, which i know you all have read in detail, contains within it additional savings in health care programs. $340 over 10 years. -- $340 billion over 10 years. as a whole the plan demonstrates that we...
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Nov 20, 2012
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jordan faces a budget deficit of about $4 billion, which is nothing here, but to jordan it is a big deal. it is also witnessing -- there is no longer the kind of golf money that used to come to that country as before. the saudis have not paid for more than one year, and even if they do it will not be enough to cover the big deficit. jordan faces a serious economic problem. i totally sympathize with the government which really did not have any real alternatives but to raise prices -- prices. the optimist would have been far worse, the depletion of reserves, and the devaluation of the dinar. i want to make a comparison between now and 1988 when the reserves also went to zero. the king's response then was to open up the political space, by calling for new elections, bringing everybody into -- and electing a parliament that people fall as and when. i think that is what the country needs to do today. it cannot go through an economic crisis of this sort can keep the political space closed. we are going to see an action in january in which the main opposition groups have already boycotted the e
jordan faces a budget deficit of about $4 billion, which is nothing here, but to jordan it is a big deal. it is also witnessing -- there is no longer the kind of golf money that used to come to that country as before. the saudis have not paid for more than one year, and even if they do it will not be enough to cover the big deficit. jordan faces a serious economic problem. i totally sympathize with the government which really did not have any real alternatives but to raise prices -- prices. the...
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Nov 20, 2012
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prevalent in the case law already. >> i understood the florida supreme court, counselor, to say that the deficit in the training records here was because there was no evidence of false positives, that the reports didn't say, the training reports didn't say, if the dog was alerting falsely. assume that the record, as your adversary claimed, shows the opposite, that a satisfactory completion means that the dog detected drugs where they were. what -- why wouldn't the training records here be adequate in that circumstance? >> that would be one of several showings that would make the training records adequate. also, you would want to know whether there were distractors used in the field. however, i don't believe that the record supports, except -- and this is arguable, the parties dispute this -- for the maintenance training. all the state had for the initial training with deputy morris, not with deputy wheetley, was a certificate -- one certificate that said this dog was trained by the apopka police department for 120 hours with deputy morris, another certificate saying that this dog was certified b
prevalent in the case law already. >> i understood the florida supreme court, counselor, to say that the deficit in the training records here was because there was no evidence of false positives, that the reports didn't say, the training reports didn't say, if the dog was alerting falsely. assume that the record, as your adversary claimed, shows the opposite, that a satisfactory completion means that the dog detected drugs where they were. what -- why wouldn't the training records here be...
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Dec 13, 2012
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try to put us on a path to manage down the deficit and debt. we are trying in terms of negotiating with the white house and the speaker has been earnest in his desire to want to address the spending problem and the gentleman's suggestion when that goes to that. his proposal would lead the issue of increased taxes on small businesses making over $200,000 per year and if the concern is to try and focus on generating more jobs and helped fuel the economy, i have asked the gentleman, what is his suggestion about helping those businesses? the preponderance of the jobs created come from those small hundred thousand dollars and up. >> we have this discussion on a regular basis. when the gentleman talks about small businesses, he is talking about 3% of the small businesses in america. 97% of small businesses make less and would be positively affected by the bill that affects those under 200,000 individually and 250,000 collectively. 100% of the small businesses would be a short. let us say they make 350. they would be assured that the first 250,000 wou
try to put us on a path to manage down the deficit and debt. we are trying in terms of negotiating with the white house and the speaker has been earnest in his desire to want to address the spending problem and the gentleman's suggestion when that goes to that. his proposal would lead the issue of increased taxes on small businesses making over $200,000 per year and if the concern is to try and focus on generating more jobs and helped fuel the economy, i have asked the gentleman, what is his...
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Nov 28, 2012
11/12
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we can't carry deficits in our state constitution. so you can't tell a baby to just go out and get a job. let's work together to protect these critical programs for women and children. it's time to change direction. it's time to acknowledge that elections matter, and it's time to listen to the american people. . this bus is headed over a cliff at great speed, and it's time for the people in the majority, the people in the driver's seat here in the house to take a turn and to change it. what would happen if we went into sequestration and if the middle class tax cuts expired, that would be an income of over -- an increase -- a tax of $2,000 on average against every middle-class family in america. failing to take action would slow the growth of our own real g.d.p. by 1.4 percentage points in 2013. and this continued gridlock would throw the united states back into a recession and cause the jobless rate to go up. congress is going to be stuffing, i would say, a big ugly lump of coal into the stockings of the american workers if we don't s
we can't carry deficits in our state constitution. so you can't tell a baby to just go out and get a job. let's work together to protect these critical programs for women and children. it's time to change direction. it's time to acknowledge that elections matter, and it's time to listen to the american people. . this bus is headed over a cliff at great speed, and it's time for the people in the majority, the people in the driver's seat here in the house to take a turn and to change it. what...
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Oct 31, 2012
10/12
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when mitch daniels came into power indiana was $700 million in debt and had a deficit of $820 million. facts are stubborn things and i'd like to knoll how are we going to make sure and preserve the fiscal integrity of the state of indiana. >> if you had spent the last 12 years here you'd know our budget has to be balanced. i produce balanced budget t and they were supported by our own lieutenant governor. i find it laughable that a united states congressman would lecture anybody about fiscal responsibility. you voted five times, congressman, you you voted and the results increased our deficit by $200 billion with a b dollars. >> find key house and governor races on c-span campaign 2012. >> an update on hurricane sandy coming up at about 2:30 eastern which up until then with an election a few days away a look at new hampshire. >> fst past week we've been taking a look at nine swing states and today we put the spotlight on the state of new hampshire. with the small state up in the northeast corner holding 4 electoral votes. right now its unemployment rathe 5.7%. and president obama won
when mitch daniels came into power indiana was $700 million in debt and had a deficit of $820 million. facts are stubborn things and i'd like to knoll how are we going to make sure and preserve the fiscal integrity of the state of indiana. >> if you had spent the last 12 years here you'd know our budget has to be balanced. i produce balanced budget t and they were supported by our own lieutenant governor. i find it laughable that a united states congressman would lecture anybody about...
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Dec 12, 2012
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this is no solution to our deficit problems. now is the time for both sides to work toward a responsible compromise. as i said before, sequestration was never intended to happen. so let's not let it. the speaker pro tempore: the time of the gentlelady is expired. for what purpose does the gentleman from connecticut seek recognition? >> to address the house for one minute and revise and extend my remarks. the speaker pro tempore: without objection, so ordered. >> mr. speaker, you can't walk two steeps in this capitol without getting into a discussion these days about the fiscal cliff and the fiscal cliff comprises a lot of serious issues but it is a metaphor. meanwhile, tens of thousands of my constituents an hundreds of thousands of people in connecticut, new jersey and new york are suffering vulls of a natural disaster which was anything but a metaphor. mr. himes: hurricane sandy devastated communities across those three straits -- states. traditionally when our constituents were homeless, when they were hungry, when they were
this is no solution to our deficit problems. now is the time for both sides to work toward a responsible compromise. as i said before, sequestration was never intended to happen. so let's not let it. the speaker pro tempore: the time of the gentlelady is expired. for what purpose does the gentleman from connecticut seek recognition? >> to address the house for one minute and revise and extend my remarks. the speaker pro tempore: without objection, so ordered. >> mr. speaker, you...
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Nov 13, 2012
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when you watch the deficit commission do is work, tom coburn is a good example. probably when he started the process he was tough for a lot of things but by the end of it, he became a real advocate for doing this for the good of the country. that is where you need to bring enough people to get it done. >> some other pluses in there. the white house obviously has more experience. you have got to have attend the place that kind of -- to even have a chance at this. now simpson bowles has legs. not that congress is about to adopt those proposals but they have shown a path for a theory they had been widely discussed in elite circles in this country with many people who did not endorse but they kept in the campaign. that have led the -- lead a foundation on which you can build now. you have to do that. that is part of the intellectual groundwork. it gives a basis on which you can begin to build something. >> senator, in terms of the process, the congressman brings of a good point. during the debt limit saga, there was the talk of bringing everybody together at camp dav
when you watch the deficit commission do is work, tom coburn is a good example. probably when he started the process he was tough for a lot of things but by the end of it, he became a real advocate for doing this for the good of the country. that is where you need to bring enough people to get it done. >> some other pluses in there. the white house obviously has more experience. you have got to have attend the place that kind of -- to even have a chance at this. now simpson bowles has...
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Nov 1, 2012
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it is not a necessity because we can work within deficit as long as we manage them properly. we manage them after world war two. ii. president reagan exploded the debt. we were doing well as a world powerhouse during that time. if it is to manage, i do not see a balanced budget amendment as a necessity. i had a look at it following a radio debate between these two. the problem with h.r. 1861 is it is a drill baby drill sort of bill. it gives away a lot to big oil and fossil fuels. we should not put that money toward those industries anymore. we should shift that money into s.newable source and formulat >> that brings us to a topic often referred to by some as a green jobs boondoggle that has been exercised by the obama ministration. they point to the solar panel manufacturing and california. it received some less money to go under. in massachusetts, it was evergreen solar that went bankrupt. to do you think that the government is trying to pick winners and losers in this field? >> i have heard that before. i do not believe in that idea. i believe in a comprehensive policy. th
it is not a necessity because we can work within deficit as long as we manage them properly. we manage them after world war two. ii. president reagan exploded the debt. we were doing well as a world powerhouse during that time. if it is to manage, i do not see a balanced budget amendment as a necessity. i had a look at it following a radio debate between these two. the problem with h.r. 1861 is it is a drill baby drill sort of bill. it gives away a lot to big oil and fossil fuels. we should not...
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Jun 10, 2012
06/12
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at a time when our deficit has exceeded one trillion dollars. at a time our monetary policy is suited to the realities of the day. a time our private sector is growing under the burden of more onerous tax, at a time it seems increasingly likely are heading toward an economically dependent welfare entitlement state. at a time we hear americans stating the free market has failed and we have stymied access of capital toward job creators, i invite you to learn from american response to pearl harbor to 9/11, a response, never be disheartened. no matter how unjust circumstances to face with seen to be. never be dissuaded from action because you saw the odds against the, defying the odds is what defines being an american. you will be an integral part of the economic restoration of our constitutional republic. your education here at north would will enable you to take this nation, to move away from hailed keynesian policies to growth and monetary policies. be proud of it. be proud of your success today. be proud to represent your country, and america. b
at a time when our deficit has exceeded one trillion dollars. at a time our monetary policy is suited to the realities of the day. a time our private sector is growing under the burden of more onerous tax, at a time it seems increasingly likely are heading toward an economically dependent welfare entitlement state. at a time we hear americans stating the free market has failed and we have stymied access of capital toward job creators, i invite you to learn from american response to pearl harbor...
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Nov 12, 2012
11/12
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i will not ask students and seniors and middle-class families to pay down the entire deficit while people like me making over $250,000 are not asked to pay a dime more in taxes. >> a newly elected congress begins work in january. the current congress still has work to do through the lame-duck session. work is expected on of the impending fiscal cliff, including the expiration of the bush-era tax cuts, raising the debt ceiling, and the planned cuts to domestic and military spending, known as sequestration. below the floor debates beginning on at 2:00 p.m. eastern. >> president obama and other dignitaries gathered at arlington national cemetery for this year's summit -- ceremony honoring our nation's veterans. joining him was veterans of their -- affairs secretary. this is just over 45 minutes. >> present arms! \[national anthem plays] \[drum plays] \["taps" plays] [applause] >> ladies and gentlemen, please remain standing for the parade of colors. as we march on the colors, the united states navy band will perform the national emblem march. please place your hand over your heart or render
i will not ask students and seniors and middle-class families to pay down the entire deficit while people like me making over $250,000 are not asked to pay a dime more in taxes. >> a newly elected congress begins work in january. the current congress still has work to do through the lame-duck session. work is expected on of the impending fiscal cliff, including the expiration of the bush-era tax cuts, raising the debt ceiling, and the planned cuts to domestic and military spending, known...